Universal Electronics' Chairman and Chief Executive Officer Adopts a 10b5-1 Trading...

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Wed Aug 27, 2008 2:00pm EDT

Universal Electronics' Chairman and Chief Executive Officer Adopts a 10b5-1 Trading Plan

CYPRESS, Calif.--(Business Wire)--
Universal Electronics Inc. (UEI), (NASDAQ:UEIC) announced Paul
Arling, chairman and chief executive officer, has established a
trading plan in accordance with Rule 10b5-1 of the Securities Exchange
Act. Rule 10b5-1 permits individuals who are not then in possession of
material nonpublic information to establish prearranged plans to buy
or sell stock. The rule allows individuals to buy or sell shares of
stock at a specific price in the future, regardless of any subsequent
material nonpublic information.

   Under the plan, Arling intends to exercise up to 40,000 employee
stock options, which are set to expire in January 2009, and to
immediately sell the underlying shares of UEI common stock beginning
immediately and continuing from time to time until the expiration date
of the options, subject to the market price of our common stock. This
process will facilitate the orderly exercise of employee stock options
and the sale of common stock for personal financial planning purposes
with the goal of minimizing any market impact and avoiding any
concerns about the timing of the transactions.

   In addition, outside of this plan, Arling intends to exercise up
to 12,800 employee stock options that are also set to expire in
January 2009 and hold the underlying shares of Universal Electronics
Inc. common stock.

   About Universal Electronics Inc.

   Founded in 1986, Universal Electronics Inc. (UEI) is the global
leader in wireless control technology for the connected home. UEI
designs, develops, and delivers innovative solutions that enable
consumers to control entertainment devices, digital media, and home
systems. The company's broad portfolio of patented technologies and
database of infrared control software have been adopted by many
Fortune 500 companies in the consumer electronics, subscription
broadcast, and computing industries. UEI sells and licenses wireless
control products through distributors and retailers under the One For
All(R) brand name. UEI also delivers complete home control solutions
in the professional custom installation market under the brand name
Nevo(R), as well as software solutions for digital media control and
enjoyment in the consumer and OEM markets under the brand
SimpleCenter(TM).

   This press release contains certain "forward-looking statements,"
as defined under U.S. federal securities laws, with respect to the
trading plan described above. These forward-looking statements are
based upon current plans and expectations. Readers are cautioned not
to place undue reliance on any forward-looking statements.
Forward-looking statements are necessarily subject to risks,
uncertainties and other factors, many of which are outside the control
of the Company. These risks, uncertainties and other factors are
described from time to time in the Company's reports filed with the
Securities and Exchange Commission. Any forward-looking statement
speaks only as of the date on which such statement is made, and the
Company undertakes no obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.

UEI
Paul Arling, 714-820-1000
or
IR Agency
Kirsten Chapman, 415-433-3777

Copyright Business Wire 2008
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